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National Bank of Slovakia : Statement from the 37th meeting of the Bank Board of Národná banka Slovenska

11/23/2012 | 10:34am US/Eastern

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23. 11. 2012 | Press Release of the NBS

The 37th meeting of the Bank Board of Národná banka Slovenska was held today (23 November 2012) and was chaired by Jozef Makúch, the NBS Governor.

The Bank Board approved the original draft design for the 2 commemorative coin marking the 1150th anniversary of the arrival of the mission of Constantine and Methodius to Great Moravia. In its previous decision, the Bank Board approved modifications to the draft design on the basis of a recommendation made by the European Commission on 20 August 2012. The reversal of that decision is based on a change in the Commission's position on this issue, communicated on 22 November 2012 by the Representation of the European Commission in Slovakia.

In approving the original draft design, the Bank Board duly noted the risk that a new notification process may pose to its principal objective in this matter, i.e. to issue a coin for circulation throughout the euro area which brings to a wider European public the historical significance of the mission of Constantine and Methodius.